Cycle To Work

Cycle to Work scheme is a UK Government tax exemption initiative introduced in the Finance Act 1999 to promote healthier journeys to work and to reduce environmental pollution. It allows employers to loan cycles and cyclists' safety equipment to employees as a tax-free benefit.

What is the cycle to work campaign and how does it work?

The Cycle to Work campaign was initiated to encourage employees to travel to work by bicycle as opposed to car. It’s not only good for the environment but can provide huge health benefits to those that take part. It works through a Salary Sacrifice which basically means that you pay for your bike before your salary is taxed saving you between 20 – 42% depending on what tax bracket you fall under.

What schemes are available?

What is the application process?

Step 1: In order to get started, you must first check your employer is signed-up to one of the aforementioned schemes. Once this is done, you can start thinking about which package you want; Bike or Bike and Gear.

Step 2: You’ll be asked for some work and contact details as-well as the value of the certificate you’re applying for. Or, in other words, the value of the bike and/or accessories you wish to purchase. Once this is submitted, your employer will receive a copy of the hire agreement which they need to approve and pay for.

Step 3: When your application is approved and paid for, you can exchange your certificate for the package you selected. Just email us your certificate and we’ll take care of the rest.

At anytime throughout the process please feel free to get in touch with us anytime and we will be more than happy to assist. We have gone through the process many times so will be happy to take the burden from you.